Bad money: reckless finance, failed politics, and the global crisis of American capitalism

Book Cover
Average Rating
Publisher:
Varies, see individual formats and editions
Pub. Date:
Varies, see individual formats and editions
Language:
English
Description
In its hubris, the financial sector has hijacked the American economy and put our very global future at risk. "Bad money" refers not just to the depreciated dollar but to the dangerous attitudes and flawed products of wayward megafinance. Also "bad" are the risk miscalculations and strategic abuses of new multitrillion-dollar products and vehicles like CDOs and SIVs. Phillips lashes out at the "bad money" practices and reckless behavior of buccaneering institutions like hedge funds and tabulates the dangers of hot-wiring U.S. home ownership to global credit instability. He exposes the absurd but insistent faith in the efficiency of casino-like markets and Washington's reliance on misleading statistics about inflation and consumer prices. Foreign policy has taken its toll as well. The dollar is losing value in the world because of America's financial irresponsibility and indebtedness, and the ruinous war in Iraq has severely eroded our influence over global oil producers and foreign central banks. From the Compact Disc edition.
Also in this Series
More Like This
More Details
ISBN:
9780670019076
9781415949917
Reviews from GoodReads
Loading GoodReads Reviews.
Staff View

Grouping Information

Grouped Work ID f46e323e-cc12-5a09-661c-e89df2541f96
Grouping Title bad money reckless finance failed politics and the global crisis of american capitalism
Grouping Author phillips kevin
Grouping Category book
Last Grouping Update 2018-07-22 23:11:40PM
Last Indexed 2018-07-22 00:00:39AM

Solr Details

accelerated_reader_interest_level
accelerated_reader_point_value 0
accelerated_reader_reading_level 0
author Phillips, Kevin, 1940-
author_display Phillips, Kevin
available_at_catalog Edmondson Pike, Edmondson Pike Kids, Green Hills, Green Hills Kids, Main Kids, Main Library
collection_catalog Non-Fiction
detailed_location_catalog Edmondson Pike - Adult Non-Fiction, Green Hills - Adult Non-Fiction, Main Library - Adult Non-Fiction
display_description In his acclaimed book American Theocracy, Kevin Phillips warned of the perilous interaction of debt, financial recklessness, and the spiking cost (and growing scarcity) of oil- warnings that are proving to be frighteningly accurate. Now, in his most significant and timely book yet, Phillips takes the full measure of this crisis. They are a part of what he calls "bad money"- not just the depreciated dollar, but also the dangerous attitudes and the flawed products of wayward mega-finance. His devastating conclusion: In its hubris, the financial sector has hijacked the American economy and put our very global future at risk-and it may be too late to stop it.
format_catalog Book, eAudiobook
format_category_catalog Audio Books, Books, eBook
id f46e323e-cc12-5a09-661c-e89df2541f96
isbn 9780670019076, 9781415949917
item_details ils:CARL0000300586|35192037185323|Edmondson Pike - Adult Non-Fiction|330.973 P5617b|||1|false|false|||||On Shelf||EP||, ils:CARL0000300586|35192037185331|Green Hills - Adult Non-Fiction|330.973 P5617b|||1|false|false|||||On Shelf||GH||, ils:CARL0000300586|35192037185364|Main Library - Adult Non-Fiction|330.973 P5617b|||1|false|false|||||On Shelf||MN||, overdrive:9db67e12-1968-4ffb-9dc9-a5f8817a037e|-1|Online OverDrive Collection|Online OverDrive|eAudiobook|Audio Books|1|false|true|OverDrive|||OverDrive MP3 Audiobook,OverDrive Listen|Available Online||||
itype_catalog , Book
last_indexed 2018-07-22T05:00:39.601Z
lexile_score -1
literary_form Non Fiction
literary_form_full Non Fiction
local_callnumber_catalog 330.973 P5617b
owning_library_catalog Nashville Public Library
owning_location_catalog Edmondson Pike, Edmondson Pike Kids, Green Hills, Green Hills Kids, Main Kids, Main Library
primary_isbn 9780670019076
publishDate 2008
record_details ils:CARL0000300586|Book|Books||English|Viking,|2008.|xiv, 239 p. : ill. ; 24 cm., overdrive:9db67e12-1968-4ffb-9dc9-a5f8817a037e|eAudiobook|Audio Books||English|Penguin Random House Audio Publishing Group||
recordtype grouped_work
scoping_details_catalog
Bib IdItem IdGrouped StatusStatusLocally OwnedAvailableHoldableBookableIn Library Use OnlyLibrary OwnedHoldable PTypesBookable PTypesLocal Url
overdrive:9db67e12-1968-4ffb-9dc9-a5f8817a037e -1 Available Online Available Online false true true false false false
ils:CARL0000300586 35192037185323 On Shelf On Shelf false true true false false true
ils:CARL0000300586 35192037185331 On Shelf On Shelf false true true false false true
ils:CARL0000300586 35192037185364 On Shelf On Shelf false true true false false true
subject_facet United States -- Economic conditions -- 2001-, United States -- Economic conditions -- 20th century, United States -- Economic policy -- 2001-, United States -- Economic policy -- 20th century
title_display Bad money : reckless finance, failed politics, and the global crisis of American capitalism
title_full Bad Money Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism, Bad money : reckless finance, failed politics, and the global crisis of American capitalism / Kevin Phillips
title_short Bad money :
title_sub reckless finance, failed politics, and the global crisis of American capitalism
topic_facet Business, Economic conditions, Economic policy, Nonfiction